The World Cup Trading Championship (WCTC) has had many successful finalists over the years. It’s a little known fact that in 1997, Michelle Williams, today an Academy Award winning actress, won the World Cup Trading Championship making 1,000% on her initial $10,000 investment.
Since then, the WCTC has succeeded in highlighting some of the brightest and most talented traders in the industry, with many successful finalists. One of the most notable is Williams’ father, Larry, a long-time futures trader and educator, who in 1987 turned his original $10,000 account into $1.1 million. He had implemented his own system, the same one his daughter used years later to win the championship.
Launched in 1983 by Robbins Financial Group Ltd., the WCC has two divisions, one for futures traders and one for foreign exchange (FX) traders, which is open to any trader. The event uses real money, and entrants must open minimum accounts of $10,000 for futures or $5,000 for forex, and make a minimum of 10 round turn trades over the trading period.
Winners receive a Bull & Bear trophy, prizes from educational, advisory, and software companies, and global publicity. The top finishers are also eligible ot join the World Cup Advisor board, and are able to showcase their system via a subscription service, which is accessible to the public.
The competition attracts global traders – for example, today’s leader board boasts traders from Italy, Turkey, Brazil, Hungary, and other countries. Robbins recently licensed the event to Tokyo-based RFS Management Inc., which launched the WTC back on October 2, 2017 in Japan.
The competition followed the same format and rules and also allowed entrants to use a variety of Japanese forex brokers. RFS also has plans to launch a WTC in approved cryptocurrencies next quarter.
Joel Robbins, President of Robbins Financial Group Ltd. launched the competition 34 years ago “mainly as a talent-discovery mechanism,” he noted. “It’s a good way for promising traders to make a name for themselves and ultimately become commodity trading advisors, or become advisors on WorldCupAdvisor.com. The main motivation of a lot of entrants is to make a name for themselves and develop their career.”
WorldCupAdvisor.com represents a site in which top finishers of the WCC are invited to trade their methods while giving monthly subscribers the ability to make the same trades through Robbins’ Leader-Follower subscription service technology available through authorized brokers.
“For example, if someone signs up to follow Stefano Serafini’s lead account [currently leader in the futures WCTC], they are going to experience the exact same profit or loss on each trade as Stefano does in his own account. WorldCupAdvisor.com always posts performance net of all fees,” Mr. Robbins explained.
The leader board and previous winners can be found by accessing the following link. The results for the Japanese competition also will be found at worldcupchampionships.com as well as on RFS Management’s financial information site, MTRE.
Although the competition is yearlong, traders can enter at any time. If a trader opens a second account, it is averaged into their end results. There also are shorter specialized competitions, such as quarterly contests trading only S&P 500 e-mini futures.
About 100 traders currently are trading in both divisions of the WCC, from around 25 countries. “It’s become more global, maybe not in terms of overall participants, but in terms of winners,” noted Chad Robbins, Director of Business Development at World Cup Advisor.